This chemical is primarily utilized in the field of pharmaceutical research and development, where it serves as a key intermediate in the synthesis of various biologically active compounds. Its structure, featuring a spirocyclic ring system, makes it a valuable building block for creating molecules with potential therapeutic applications. Researchers often employ it in the design and production of drugs targeting neurological disorders, such as anxiety, depression, and cognitive impairments, due to its ability to interact with specific receptors in the brain. Additionally, its versatility allows for modifications that can enhance drug efficacy and selectivity, making it a crucial component in the development of new medications.